Gold Unable To Hold Onto Early Asian Gains As Market Eyes Fed Announcement
Gold prices were trading higher during the opening hours of the Asian session on Monday, but quickly erased all the early gains as the attention shifted to the Federal Reserve monetary policy meeting on Wednesday, with markets carefully watching the to…
Read moreGold Headed To $1,200 As Equities Steal Metal’s Thunder – Economist
Gold demand will turn “lackluster” in the second half of 2017, with prices taking a step back and falling to $1,200 an ounce, this according to one Singapore-based economist.
Gold Trading Activity Remains Down After Flat Gains In March
(Kitco News) – For the third consecutive month, trading activity in gold and silver was subdued in last month as prices were broadly flat, according to the latest trade data from the London Bullion Market Association.
Read moreInvestors Stuck In The Middle With Gold Next Week; Fed, Employment On Tap
(Kitco News) – Although gold is showing some resilience by holding strong support at its 200-day moving average, its downside potential could be tested next week as the market faces major hurdles, including a Federal Reserve monetary policy meeting and…
Read moreVoters Divided Although Bulls Make Up Biggest Bloc
Wall Street and Main Street alike are more divided than normal on where gold prices might head over the next week, with the bulls making up the biggest camp but not capturing a majority in the weekly Kitco News survey for the first time in several weeks.
Read moreWalsh’s Lusk: Gold Traders Have Many Factors To Digest Next Week
Gold traders will have a lot of events on their plates to digest next week, says Sean Lusk, director of commercial hedging with Walsh Trading.
Read moreGold Firmer On Corrective Bounce; U.S. GDP Has Little Impact
(Kitco News) – Gold and silver prices are modestly up in early U.S. trading Friday, on technical rebounds, and some short covering and bargain hunting heading into the weekend. The just-released U.S. GDP report was a bit weaker than expected but did not significantly impact the markets. June Comex gold was last up $1.60 an ounce at $1,267.90. May Comex silver was last up $0.03 at $17.295 an ounce.
Gold Sees Little Reaction After U.S. GDP Shows 0.7% Growth In Q1
(Kitco News) – Gold prices are unable to find any momentum Friday despite the U.S. economy expanded at a slower pace than expected in the first three months of the year according to the latest data from the Commerce Department.
Read moreEldorado Gold Reverses To First-Quarter Profit
Eldorado Gold Corp. (NYSE: EGO) reports a first-quarter profit of $3.8 million, or a penny per share, a turnaround from a loss of $2.5 million, or zero cents per share, in the same period of 2016.
Read moreDetour Gold Records Profit In First Quarter
Detour Gold Corp. (TSX: DGC) reports first-quarter net income of $6 million, or 3 cents per share, down from $27.6 million, or 16 cents, in the same period a year ago.
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